Business

FTC takes closer look at Cencora-Covetrus animal health merger, Bloomberg News reports

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - The U.S. Federal Trade Commission is taking a closer look at a proposed $3.5 billion acquisition that would combine two of the leading national suppliers of veterinary products, Cencora's MWI Animal Health and privately held Covetrus, Bloomberg News reported on... Read More.

Utility’s idle transmission tower caused 2025 Eaton fire that killed 19, Los Angeles officials say

Tuesday, August 4 by SRN News

LOS ANGELES (AP) - Sparks from an idle transmission tower owned by Southern California Edison caused the 2025 Eaton fire in the Los Angeles area that killed 19 people and destroyed more than 9,400 homes and businesses, Los Angeles County fire officials said in... Read More.

McDonald’s names company veteran as new US head after sales miss

Tuesday, August 4 by SRN News

By Waylon Cunningham Aug 4 (Reuters) - McDonald's replaced the head of its U.S. business on Tuesday after the company missed second-quarter U.S. sales-growth expectations, blaming what its CEO called execution lapses that blunted a drive to bring back low-income consumers who have cut back... Read More.

Gilead second-quarter sales rise 8%, beating Wall Street estimates

Tuesday, August 4 by SRN News

By Deena Beasley Aug 4 (Reuters) - Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs related to a series of acquisitions. The company's overall revenue rose 10%... Read More.

Judge sets March 2027 trial on Paramount-Warner Bros deal

Tuesday, August 4 by SRN News

By Jody Godoy Aug 4 (Reuters) - Lawsuits challenging Paramount Skydance's acquisition of Warner Bros. Discovery will go to trial in March 2027, a federal judge in California ruled on Tuesday. • The ruling is a win for California Attorney General Rob Botna, who had sought... Read More.

Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak

Tuesday, August 4 by SRN News

CHICAGO (AP) - Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants, after determining the peppers could potentially be tied to a salmonella outbreak public health officials are investigating. In a brief statement, Chipotle maintained that the "health and... Read More.

Oil spill from grounded tanker off Oman expands sharply, satellite images show

Tuesday, August 4 by SRN News

BEIRUT (AP) - An oil spill caused by leakage from a U.K.-sanctioned tanker grounded for weeks off Oman appears to be expanding dramatically, reaching shorelines and far out to sea, according to experts and satellite images reviewed by The Associated Press. Greenpeace Germany said in... Read More.

Bessent’s call to upsize Fed foreign lending facility may not be risk-free

Tuesday, August 4 by SRN News

By Michael S. Derby NEW YORK, Aug 4 (Reuters) - U.S. Treasury Secretary Scott Bessent's call on the Federal Reserve to expand a facility that lends cash to official foreign accounts could add to the firepower available to help Japan bolster its currency but could... Read More.

BYD debuts first Brazilian-made plug-in hybrid flex car as sales surge

Tuesday, August 4 by SRN News

By Luciana Magalhaes SAO PAULO, Aug 4 (Reuters) - Chinese automaker BYD is launching its first Brazilian-made plug-in hybrid flex-fuel car on Tuesday after a two-year investment of 100 million reais ($19.6 million), the company's top executive in the country told Reuters. The Song... Read More.

Declining imports compress US trade deficit in June

Tuesday, August 4 by SRN News

By Lucia Mutikani WASHINGTON, Aug 4 (Reuters) - The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid an artificial intelligence buildout that is heavily reliant on imports. Both imports and exports declined in June, the report from the Commerce... Read More.

Current Weather

FTC takes closer look at Cencora-Covetrus animal health merger, Bloomberg News reports

Utility’s idle transmission tower caused 2025 Eaton fire that killed 19, Los Angeles officials say

McDonald’s names company veteran as new US head after sales miss

Gilead second-quarter sales rise 8%, beating Wall Street estimates

Judge sets March 2027 trial on Paramount-Warner Bros deal

Chipotle pulls jalapeños from some restaurants as health officials investigate salmonella outbreak

Oil spill from grounded tanker off Oman expands sharply, satellite images show

Bessent’s call to upsize Fed foreign lending facility may not be risk-free

BYD debuts first Brazilian-made plug-in hybrid flex car as sales surge

Declining imports compress US trade deficit in June

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